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Global Aerogel Insulation Market Analysis and Forecast 2019-2025

Report ID:454Chemicals & Materials233 pages

Aerogel Insulation Market Statistics

The global aerogel insulation market is foreseen to grow at a CAGR of 20% between 2019 to 2025 as against its valuation of USD 0.6bn in 2018.

Increasing awareness and preferences for green building materials to reduce the carbon footprint is anticipated to be one of the primary factors contributing to the expansion of the global aerogel insulation market in the next few years.

Over the last few years, there have been constant trials and growing interest in the discovery of the new aerogel insulation for various applications.

Polymer Silica Aerogel to Drive the Aerogel Insulation Market

NASA has investigated different types of aerogels for various applications and with the help of NASA’s Fundamental Aeronautics Program has introduced two cutting-edge technologies that will bring a paradigm shift in the aerogel technology.

The primary method reinforces polymers to create aerogels and the method changes the surface of the gel while reacting to a polymer, which further strengthens the aerogel. The polymer reinforced silica gel is two times stronger than the same density silica gel, thus driving the aerogel insulation market towards significant growth in the coming years.

The polymer reinforced aerogels provide the same insulation properties that a conventional aerogel would offer, besides they are less fragile as compared to the conventional ones. These attributes are projected to push the growth opportunities for the aerogel insulation market.

Demand for Energy Efficient Buildings to Boost Sales

With growing urbanization, the construction and building sector is moving towards energy-efficient buildings, in turn increasing demand for high-performance thermal insulation. Currently, aerogels are considered to be the best thermal insulation for construction and building applications due to their versatility. Aerogels can be opaque, transparent, and translucent which further enhances the applicability of aerogel insulations in building and construction while utilising solar energy, thus, enhancing the market growth of the global aerogel insulation.

Global Aerogel Insulation Market Share By Region Type

However, the high cost of aerogels may hinder the growth of the aerogel insulation market during the forecast period.

Nonetheless, graphene aerogels could be a low-cost and high-performance insulation material for future energy storage applications, owing to the expansion of the global aerogel insulation market in the following years.

Data Points Market Insights
Market Value 2018 US$ 0.65billion
Market Value 2025 US$ 2.5billion
Market Growth Rate 2020-2027 20%
Top Regional Market Asia Pacific
Key Players Aspen Aerogels, Cabot Corporation, Svenska Aerogel, BASF,  Aerogel Technologies, American Aerogel Corporation, Active Aerogels, Green Earth Aerogel Technologies, Enersens SAS
Segment- Product Outlook, Form Outlook, Applications Outlook

Silica Aerogel to Dominate the Raw Material Segment

On the basis of raw materials, the global aerogel insulation market is segmented into silica, carbon, alumina, and others. However, of all these, the silica segment is expected to garner the highest share in the global aerogel insulation market. The growth of the segment could be attributed to high energy efficiency, which further reduces carbon emissions and energy costs.

Alternatively, polymer aerogel is foreseen to be the fastest-growing segment during the forecast period, owing to its physical and chemical properties in comparison to silica aerogel. Polymers aerogels are twofold stronger than silica aerogels.

Further, the aerogel insulation market is segmented on the basis of forms, which is again bifurcated into a blanket, particle, block, and panels. But among these, it is the blanket form which is expected to thrive during the forecast period, owing to the growing demand and application in building insulation and the oil and gas sector. Similarly, the particle segment is expected to observe a stupendous growth, owing to superior thermal, strong flowability, and light-diffusing properties. These particles are used as aerogel additive powders for better performance.

Based on the applications, the aerogel insulation market is segmented into oil and gas, aerospace, building insulation, automotive, chemical, healthcare, electronics, apparel, and others. However, the building insulation segment is foretold to witness remarkable growth in the coming years, owing to the increasing adoption of green building materials to reduce the carbon footprints in the environment.

Alternatively, the performance coating segment is also projected to witness remarkable growth during the forecast period as it offers high porosity and low density, acting as a coupling agent and creating a strong between the coating surface and the aerogel particles.

Growing Adoption of Sustainability Leads Asia Pacific

Based on regional growth, Asia Pacific is anticipated to lead the global aerogel insulation market. The growth in the region could be accounted to swift urbanization and industrialization leading to buildings and construction, which may act as a catalyst for growth in the region. A large chunk of demand is likely to come from the evolving economies such as, India, Malaysia, Singapore, etc.

Moreover, the building insulation sector is increasingly adopting sustainability in the materials, thus driving the growth of this region over the forecast years.
The rising demand for personal and commercial vehicles due to growing infrastructure and increasing disposable income and preference to commuting faster are anticipated to push the growth opportunities in the region.

Besides, North America is also projected to grow at a remarkable rate, owing to the increasing adoption of low density solid raw materials and growing awareness and demand for sustainable raw materials, paving the way for the aerogel insulation market to expand in the coming years.

Competitive Landscape

In 2021, Amsen Technologies announced the development of a new aqueous-based APD process for drying low-cost aerogel insulation, derived out of cellulose microfibrils (CMF), a naturally found biopolymer available in abundance. This will enable in reduction of the use of alcohol in the making process and enhance the adoption of aerogel insulation through inorganic and organic crosslinking.

In 2019, BASF and Aspen Technologies announced a strategic partnership to expand their product portfolio and produce high thermal insulation product SLENTEX®.

The global aerogel insulation market is highly competitive due to the presence of large, medium, and small-scale manufacturers in the market.

Aerogel Insulation Market Segmentation

Based on Type

  • Polymer
  • Carbon
  • Silica
  • Others

Based on Form

  • Blanket
  • Panel
  • Block
  • Particle
  • Others

Based on End Use

  • Oil and Gas
  • Aerospace and Marine
  • Building and Construction
  • Automotive
  • Performance Coatings
  • Others

Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Players

  • Aspen Aerogels
  • Cabot Corporation
  • Svenska Aerogel
  • BASF
  • Aerogel Technologies
  • American Aerogel Corporation
  • Active Aerogels
  • Green Earth Aerogel Technologies
  • Enersens SAS

Frequently Asked Questions

What will be the growth rate of the global aerogel insulation market?

The global aerogel insulation market would grow at a CAGR of 20% between 2019 to 2025

What are the factors driving the global aerogel insulation market during the forecast period?

Growing adoption of green materials to reduce the carbon footprints and their chemical and physical properties are the major drivers of the aerogel insulation market during the forecast period.

Which segment under end users would thrive over the forecast period?

The global aerogel insulation market will be dominated by the building insulation segment due to rapid industrialization and urbanization.

Which region will dominate the global aerosol delivery devices market in the coming years?

The Asia Pacific will lead the regional segment in the global.

Table Of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Aerogel Insulation Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis

5. Global Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Based on Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Based on Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Based on Type, 2022-2032
5.3.1. Polymer
5.3.2. Carbon
5.3.3. Silica
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Based on Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By Based on Type, 2022-2032

6. Global Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Based on Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Based on Form, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Based on Form, 2022-2032
6.3.1. Blanket
6.3.2. Panel
6.3.3. Block
6.3.4. Particle
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Based on Form, 2017-2021
6.5. Absolute $ Opportunity Analysis By Based on Form, 2022-2032

7. Global Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Based on End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Based on End Use, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Based on End Use, 2022-2032
7.3.1. Oil and Gas
7.3.2. Aerospace and Marine
7.3.3. Building and Construction
7.3.4. Automotive
7.3.5. Performance Coatings
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By Based on End Use, 2017-2021
7.5. Absolute $ Opportunity Analysis By Based on End Use, 2022-2032

8. Global Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region

9. North America Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Based on Type
9.2.3. By Based on Form
9.2.4. By Based on End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Based on Type
9.3.3. By Based on Form
9.3.4. By Based on End Use
9.4. Key Takeaways

10. Latin America Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Based on Type
10.2.3. By Based on Form
10.2.4. By Based on End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Based on Type
10.3.3. By Based on Form
10.3.4. By Based on End Use
10.4. Key Takeaways

11. Europe Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Based on Type
11.2.3. By Based on Form
11.2.4. By Based on End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Based on Type
11.3.3. By Based on Form
11.3.4. By Based on End Use
11.4. Key Takeaways

12. East Asia Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Based on Type
12.2.3. By Based on Form
12.2.4. By Based on End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Based on Type
12.3.3. By Based on Form
12.3.4. By Based on End Use
12.4. Key Takeaways

13. South Asia Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Based on Type
13.2.3. By Based on Form
13.2.4. By Based on End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Based on Type
13.3.3. By Based on Form
13.3.4. By Based on End Use
13.4. Key Takeaways

14. Oceania Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Based on Type
14.2.3. By Based on Form
14.2.4. By Based on End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Based on Type
14.3.3. By Based on Form
14.3.4. By Based on End Use
14.4. Key Takeaways

15. MEA Aerogel Insulation Market Analysis 2017-2021 and Forecast 2022-2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Based on Type
15.2.3. By Based on Form
15.2.4. By Based on End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Based on Type
15.3.3. By Based on Form
15.3.4. By Based on End Use
15.4. Key Takeaways

16. Key Countries Aerogel Insulation Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2021
16.1.2.1. By Based on Type
16.1.2.2. By Based on Form
16.1.2.3. By Based on End Use
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2021
16.2.2.1. By Based on Type
16.2.2.2. By Based on Form
16.2.2.3. By Based on End Use
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2021
16.3.2.1. By Based on Type
16.3.2.2. By Based on Form
16.3.2.3. By Based on End Use
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2021
16.4.2.1. By Based on Type
16.4.2.2. By Based on Form
16.4.2.3. By Based on End Use
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2021
16.5.2.1. By Based on Type
16.5.2.2. By Based on Form
16.5.2.3. By Based on End Use

17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1.  By Regional
17.3.2.  By Based on Type
17.3.3.  By Based on Form
17.3.4.  By Based on End Use

18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Aspen Aerogels
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Cabot Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Svenska Aerogel
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. BASF
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Aerogel Technologies
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. American Aerogel Corporation
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Active Aerogels
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Green Earth Aerogel Technologies
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Enersens SAS
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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